Safaricom’s bold move into Ethiopia has reshaped the country’s telecommunications industry, bringing competition, lower data prices, and faster internet access to millions of new users. However, a new World Bank …
Radarr Africa Business Desk
Radarr Africa Business Desk
The Radarr Africa Business Desk reports daily on companies, markets, banking, energy, technology and policy across Nigeria and Africa. Stories are reviewed and edited by The Radarr Africa Editorial Team in Lagos. Story tips and corrections: business@radarr.africa.
- BusinessDigital EconomyEastern AfricaFinanceTechnologyTelecommunications
- Corporate EarningsEastern AfricaELECTRICITYEnergyFinanceInfrastructure
Kenya Power Reports 18.7% Profit Drop as Forex Gains Fade and Tariff Adjustments Ease
Kenya Power and Lighting Company (KPLC) has reported a sharp 18.7 per cent decline in its net profit for the financial year ended June 2025, falling to KSh 24.47 billion …
- BankingDigital EconomyEastern AfricaFinanceSMEsTrade
CIB Kenya targets SMEs with digital banking and trade finance expansion
Commercial International Bank (CIB) Kenya is setting its sights on reshaping the country’s banking landscape through a digital-first approach and innovative lending models that focus on small businesses and regional …
- ELECTRICITYInnovationManufacturing & Consumer GoodsSustainabilityTechnology
LG Electronics wins big at IFA 2025, bags 17 innovation awards including ‘Best of IFA’
LG Electronics has emerged as the biggest winner at the maiden edition of the IFA 2025 Innovation Awards, claiming an impressive 17 honours, including the prestigious Best of IFA title. …
- EnvironmentHousingInfrastructureRegulationSafetyUrban Development
BCPG raises alarm over poor soil testing in Lagos coastal areas
The Building Collapse Prevention Guild (BCPG), Iru–Victoria Island Cell, has raised concern over the increasing number of substandard soil investigations being conducted across the Lagos coastal region, warning that the …
- BusinessCapital MarketEconomyFinanceINVESTMENTNigeria
NGX extends rally as investors gain ₦786bn amid strong performance in Seplat
Investors in the Nigerian Exchange Limited (NGX) kicked off the week on a positive note as bullish trading on Monday lifted the market capitalisation by ₦786bn to close at ₦91.9tn, …
- BusinessDevelopmentEconomyLabourNigeriaPolicies
NESG warns Nigeria risks 30% unemployment if 27 million new jobs are not created by 2030
The Nigerian Economic Summit Group (NESG) has warned that Nigeria must generate at least 27 million new formal jobs within the next five years or face a surge in unemployment …
- BusinessEconomyEnergyInfrastructureLabourOil & Gas
NNPC Blames Temporary Gas Price Hike on PENGASSAN Strike Disruption
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mr. Bayo Ojulari, has attributed the recent increase in cooking gas prices across the country to …
The United Bank for Africa (UBA) Plc has kicked off its 2025 edition of Customer Service Week, reaffirming its dedication to putting customers at the centre of its operations. The …
The Chairman of Global Infrastructure Partners (GIP), Adebayo Ogunlesi, has expressed strong confidence in President Bola Ahmed Tinubu’s ongoing economic reforms, describing them as a solid foundation for renewed international …